Archive for April, 2011
2011 Offshore Voluntary Disclosure Initiative Announced by IRS and New Jersey
April 19th, 2011 | 
Author: Last month, we told you Taxpayers Get Another Chance to Disclose Foreign Bank Accounts. As a follow-up, we have a new Tax Alert, 2011 Offshore Voluntary Disclosure Initiative Announced by IRS and New Jersey, which provides some more details.
New Regulations for Representative Offices in China Took Effect March 1, 2011
The State Council of China promulgated Regulations on Administration of Registration of Resident Representative Offices of Foreign Enterprises. These regulations became effective March 1, 2011.
The Chinese Government has become ever more restrictive on the ability of foreign entities to do business through Resident Representative Offices (“ROs”). This latest round of regulations is another step at making ROs less flexible. By way of example, there are now accounting and reporting requirements; restrictions on the number of representatives; more documents are required to set up ROs; the one year validity of ROs certificate is abolished; penalties for non-compliance are increased.
Posted in Business and Tax Planning | 
Tags: abolished, accounting, business wholly foreign owned enterprises, China, comparable, costs, documents, foreign enterprises, non-compliance, penalties, regulation, Regulations on Administration of Registration of Resident Representative Offices of Foreign Enterprises, reporting, representatives, required, requirements, Resident Representative Offices, restrictions, ROs, ROs certificate, set up, WFOE | 
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Is Your Business Venturing into the Cloud? Beware of the Fine Print!
Bradford W. Muller co-authored ”Is Your Business Venturing into the Cloud? Beware of the Fine Print!,” which was published in Bloomberg’s Technology Law Report. The article discusses what important contractual provisions small business should consider when negotiating cloud services agreement.
Privilege, Privacy and Dawn Raids: What You Need to Know If Your Client Does Business in the European Union
The Defense Research Institute’s Drug and Medical Device Seminar, May 5-6, 2011, Chicago, Illinois
As a member of the Defense Research Institute’s Drug and Medical Device Committee, I am happy to report that this year’s annual seminar/conference will be held at the Sheraton Chicago Hotel and Towers in Chicago, Illinois on May 5th and 6th. Anyone involved in defending drug and medical device companies should consider attending. This year, in-house counsel who are also members of DRI and its Corporate Counsel Committee will not be charged for registration. For more information about the seminar or for more details about the in-house member registration fee waiver, visit the DRI website.
Of particular interest to those who do business in the European Union, or those who represent them, our friends from Sidley Austin LLP will be presenting a topic entitled Privilege, Privacy and Dawn Raids: What You Need to Know If Your Client Does Business in the European Union. It is sure to pack the house.